Whose interest was President Obama serving when on March 30 he ordered Chrysler to either conclude a merger with Italian automaker Fiat within 30 days or lose federal bailout funds which would lead to its immediate demise?
Why would Obama undercut a U.S. company, involved in a heated negotiation, in favor of a foreign company’s interest?
Clear answers are not available, but there is one very curious shareholder in Fiat that raises some interesting questions. The African nation of Libya owns at least a 2 percent stake in Fiat and thus makes Moammar Gadhafi, who controls the wealth of Libya, a direct beneficiary of the deal favoring Fiat.
Does Obama owe Gadhafi?
-- Scott Wheeler, May 13 Newsmax column